Forget Coca-Cola, Altria Group Is a Better Dividend Stock

Forget Coca-Cola, Altria Group Is a Better Dividend Stock

Coca-Cola (NYSE: KO) and Altria (NYSE: MO) are two of the most well-known stocks in the consumer staples sector. Coca-Cola is one of the world's top beverage makers, and Altria's flagship Marlboro cigarettes make it the biggest tobacco company in America. But take a closer look at both companies and it becomes clear that Altria is actually the superior dividend stock, for four simple reasons.

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Coca-Cola currently pays a forward yield of 3.3%. It's raised that dividend annually for over five decades. But Altria pays a higher yield of 3.7%, and it's hiked that payout every year since it spun off its overseas business as Philip Morris International in 2008.

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Source: Fool.com